Commercial

Banking

Automated Sweeps

Automated Sweeps

SHARE:

We realize that some businesses simply do not experience the daily transaction volume or balance fluctuation that others do. If your business checking account balance remains idle much of the time, Paragon could help you start earning interest using our automated Sweep services.

Interest is compounded daily

Investment transactions are fully automated

Funds remain available at all times to cover checks and withdrawals

Checking account statements detail all sweep activity

Automated Sweep options are available utilizing a collateralized repurchase agreement that allows you to invest or to pay down your business line of credit with excess funds to save on interest expense.

Contact us to discuss the ways your business may benefit from automated Sweeps.

Related Private Services

Links are being provided for information purposes only. Paragon Bank, a Division of TowneBank, has no control over any other website and is not able to endorse, guarantee or monitor content, availability, viewpoints, products, or services that are offered or expressed on any site other than this one.